Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

The large majority of private schools in the US are Catholic or Christian, and those cost roughly half what a true independent cost. Taking that into account, some of the percentages are more plausible. That said, it is still a stretch for most.

10 percent for three kids. One in HS, 1 in middle, one in elementary.

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Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

My kids are at a cheap school. Tuition for all 3 is just slightly more than tuition for 1 at one of the more expensive area schools.

We are at a cheap-ish school that is like 60% of what the expensive schools are. Lots of options in this range if you have a kid that is like mine—neurotypical, easygoing, does above average in school but is not a genius.

About 10% pre tax

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Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

My kids are at a cheap school. Tuition for all 3 is just slightly more than tuition for 1 at one of the more expensive area schools.

We also do cheap school (tuition is less than 20k). Given our family situation and having compared to public school, I'm not willing to pay more than 30-35k tuition per year until high school. A PP is also correct about bonuses and stock returns. You can’t just look at salary to know how much disposable income you have.

Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

My kids are at a cheap school. Tuition for all 3 is just slightly more than tuition for 1 at one of the more expensive area schools.

Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

I think its funny you "aren't believing people." We have been in two different independent privates and are now in high school. I know a few financial aid kids, especially in high school. But the vast majority of people I came in contact with were high networth and if they weren't, grandparents were footing the bill. You are forgetting about generational wealth and things like bonuses, real estate and stock portfolios. You are correct. A lot of people aren't literally making 2 million dollars a year. Also, YMMV depending on the privates you attend, some attract much wealthier families. Not two lawyers. But heirs to the Marriott fortune, Saudi money, and hedge fund and big law.

5% for the HS kid. Including college it’s 22% but the college is fully funded in a 529.

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Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

Interesting you say that. I thought it would be the same with us but at our big 3 many kids are in tutoring to try to get an edge, which drives the average higher. This has resulted in most kids having a tutor or some outside-school academic work (beyond homework), either to keep an edge or to keep up.

In high school? It’s pretty common to have some outside tutoring in 8-11th, whether public or private.

I always love when folks say something like tutoring pretty common 8-11th, when in reality it is not. If you're constantly having to get a tutor, there is an underlying challenge that needs to be address (deficient in foundation skills, inappropriate class level, teacher problem, etc).

Agree.

My 2 straight A students never needed tutoring- ever.

I was a straight A student who didn’t need a tutor. My parents sent me to a writing tutor and she really helped me choose wonderful books (which I remember to this day and bought for my son), helped me think about topics deeply, etc. I didn’t need it from a grades standpoint, but it was wonderfully enriching. I also didn’t need SAT prep but it gave me more confidence and it was a common thing to bond over with friends who also took the class with me one summer. I guess I could have tooled around the mall instead? I did plenty of that on weekends anyway.

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Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

Interesting you say that. I thought it would be the same with us but at our big 3 many kids are in tutoring to try to get an edge, which drives the average higher. This has resulted in most kids having a tutor or some outside-school academic work (beyond homework), either to keep an edge or to keep up.

In high school? It’s pretty common to have some outside tutoring in 8-11th, whether public or private.

I always love when folks say something like tutoring pretty common 8-11th, when in reality it is not. If you're constantly having to get a tutor, there is an underlying challenge that needs to be address (deficient in foundation skills, inappropriate class level, teacher problem, etc).

What? Lots of kids get tutors for foreign language, test prep, math review or acceleration, executive function, essays…

Yes, because they are average students punching above their weight. They'd be better served in a lower pressure environment where they can grow self confidence and self worth without the parental/student pressure to be something they aren't. As stated before those tutor payments will turn into therapy bills when they're in their 20s.

^stupid statement and largely off topic

Many kids in rigorous academic environments benefit from support. There are a few who get by without any help, but they are either: 1) very self-directed, hard-working, and unusually bright, or 2) not really in a rigorous academic environment.

At my DC’s former middle, a quarter of his classmates now attend a nationally ranked top 10 private. Every one of them has some tutoring help — whether ongoing, through a retired parent, or targeted. Literally all of them.

Don’t make the ridiculous assumption that they “can’t cut it” or “will end up in therapy” just because their parents have the means and foresight to get them extra help. Lastly, therapy is a useful support tool…kind of like tutoring. You should try it.

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Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

Interesting you say that. I thought it would be the same with us but at our big 3 many kids are in tutoring to try to get an edge, which drives the average higher. This has resulted in most kids having a tutor or some outside-school academic work (beyond homework), either to keep an edge or to keep up.

In high school? It’s pretty common to have some outside tutoring in 8-11th, whether public or private.

I always love when folks say something like tutoring pretty common 8-11th, when in reality it is not. If you're constantly having to get a tutor, there is an underlying challenge that needs to be address (deficient in foundation skills, inappropriate class level, teacher problem, etc).

What? Lots of kids get tutors for foreign language, test prep, math review or acceleration, executive function, essays…

Yes, because they are average students punching above their weight. They'd be better served in a lower pressure environment where they can grow self confidence and self worth without the parental/student pressure to be something they aren't. As stated before those tutor payments will turn into therapy bills when they're in their 20s.

What do you have against tutoring? People have no problem putting their kids in specialized athletic coaching but bristle against any mention of academic enrichment! A tutor is just someone who can give your child personal feedback or work with your kid in a small group of students. It doesn’t mean they are behind.

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Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

Lots of real private school families make over $1m.

Not lots, few make that - stats are stats - lies are lies. More people say they do than is statistically possible, even for DC.

I don't think you are running the stats right. There is a lot more overlap between $1m+ earners and those who select private school than you are giving credit for. Plus, we're in a city of lawyers and even relatively junior partners are making 7 figures.

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Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

Interesting you say that. I thought it would be the same with us but at our big 3 many kids are in tutoring to try to get an edge, which drives the average higher. This has resulted in most kids having a tutor or some outside-school academic work (beyond homework), either to keep an edge or to keep up.

In high school? It’s pretty common to have some outside tutoring in 8-11th, whether public or private.

I always love when folks say something like tutoring pretty common 8-11th, when in reality it is not. If you're constantly having to get a tutor, there is an underlying challenge that needs to be address (deficient in foundation skills, inappropriate class level, teacher problem, etc).

What? Lots of kids get tutors for foreign language, test prep, math review or acceleration, executive function, essays…

Yes, because they are average students punching above their weight. They'd be better served in a lower pressure environment where they can grow self confidence and self worth without the parental/student pressure to be something they aren't. As stated before those tutor payments will turn into therapy bills when they're in their 20s.

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Anonymous wrote:

Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

Interesting you say that. I thought it would be the same with us but at our big 3 many kids are in tutoring to try to get an edge, which drives the average higher. This has resulted in most kids having a tutor or some outside-school academic work (beyond homework), either to keep an edge or to keep up.

In high school? It’s pretty common to have some outside tutoring in 8-11th, whether public or private.

I always love when folks say something like tutoring pretty common 8-11th, when in reality it is not. If you're constantly having to get a tutor, there is an underlying challenge that needs to be address (deficient in foundation skills, inappropriate class level, teacher problem, etc).

Agree.

My 2 straight A students never needed tutoring- ever.

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Anonymous wrote:

Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

Interesting you say that. I thought it would be the same with us but at our big 3 many kids are in tutoring to try to get an edge, which drives the average higher. This has resulted in most kids having a tutor or some outside-school academic work (beyond homework), either to keep an edge or to keep up.

In high school? It’s pretty common to have some outside tutoring in 8-11th, whether public or private.

I always love when folks say something like tutoring pretty common 8-11th, when in reality it is not. If you're constantly having to get a tutor, there is an underlying challenge that needs to be address (deficient in foundation skills, inappropriate class level, teacher problem, etc).

What? Lots of kids get tutors for foreign language, test prep, math review or acceleration, executive function, essays…